David Kelly, Chief Global Strategist at JPMorgan Asset Management, is sending out a warning shot — the Fed might cut rates too early, and that could fire up inflation again. 📉🔥
The Playbook from Kelly:
Don’t keep all your eggs in the U.S. basket 🥚🇺🇸
Diversify into alternatives (think gold, commodities)
Look abroad for international assets 🌏
The Golden Forecast:
JPMorgan sees gold potentially hitting $4,000/oz by Q1 2026 🏆
That’s nearly double today’s price range (~$2,300/oz)
Drivers? Rate cuts, inflation pressure, and central bank demand
Why It Matters:
If the Fed cuts too soon → weaker USD → stronger gold appeal
Gold is a historical inflation hedge and a safe haven in market turbulence
More investors might rotate from risk assets into metals if uncertainty grows
📊 Key Watchpoints:
Fed meeting minutes (for early rate cut hints)
Gold’s breakout level near $2,400 resistance
U.S. inflation data trends
⚠️ DYOR. Not financial advice.
Stay sharp and stay informed